Operational Risk Manager

  • Annual salary plus bonus and benefits
  • London, England, United Kingdom
  • Permanent, Full time
  • COLUMBIA THREADNEEDLE
  • 10 Jan 18 2018-01-10

To be part of the team that manages the delivery of the Operational Risk Framework and the associated systems, policies and processes within Columbia Threadneedle Investments. The Operational Risk Manager is personally accountable for Operational Risk oversight, support and challenge to their respective business stakeholders and 1st line Risk Liaison Officers, promoting compliance with the Operational Risk framework and policies. The Operational Risk Manager will actively and individually contribute to the development of a high performing risk function and ensuring the plans and responsibilities of the department are fully discharged.

 

 


About Columbia Threadneedle : 
 
Columbia Threadneedle Investments is a leading global asset manager that provides a broad range of actively managed investment strategies and solutions for individual, institutional and corporate clients around the world. With more than 2000 people including over 450 investment professionals based in North America, Europe and Asia, we manage over £400 billion of assets across developed and emerging market equities, fixed income, asset allocation solutions and alternatives. Our priority is the investment success of our clients. We know investors want strong and repeatable risk-adjusted returns and we aim to deliver this through an active and consistent investment approach that is team-based, risk-aware and performance-driven.


Role Responsibilities : 
 
•Apply initiative and thought leadership on the Operational Risk framework, offering ideas for improvement and progressing them to conclusion
•Take the lead for the proactive management and ongoing development of various components of the Operational Risk framework: Either RCSAs, Risk Events (REVs), Reporting or Policy governance or other element to be agreed
•Proactively partner and build strong relationships with the Business Units allocated and Controls stakeholders e.g. take the lead on regular engagement with 1st line / Risk Liaison Officers (RLOs), assist in the investigation and remediation of REVs, control issues etc
•Manage external relationships with vendors / outsourced providers and lead annual assessments on their Operational Risk Framework
•Represent the team at client meetings, esp key clients (LV and Zurich) to explain Operational Risk management at CTI
•Oversight and critique of 1st line risk reports and KRI RAG ratings and thresholds, without supervision, to ensure these provide an effective measure of the current risk exposure.
•Produce added value RCC, Board and SARL risk reporting on behalf of the Operational Risk department
•Management and challenge of RCSA refresh and in-depth controls evaluation activity, with effective Executive engagement
•Assess risks associated with product development, change projects and bespoke arrangements, representing Risk on associated governance
•Individually operate the highest standard of quality assurance (including tracking) over REVs and RCSAs as key tools in the identification, assessment, monitoring and management of risk.
•Support alignment of the Operational Risk framework and processes globally with Ameriprise, including implementation of a global risk system (MetricStream)
•Personally responsible for timely escalation to Head of Operational Risk, EMEA & APAC on business risk issues and trends and as input to the Key Risk Dashboard
•Develop and train RLOs and other 1st line staff in the field of operational risk
 


Key Capabilities : 
 
•Solid Operational Risk Management experience (1st or 2nd Line of Defence)
•In depth, detail knowledge of Operational Risk Framework and core components (REVs, RCSA’s, KRIs)
•Experience of delivering RCSAs reviews and establishing forward looking KRIs
•Experience of Risk Events - identification, capture, rating, escalation, oversight of remediation
•Ability to fulfil 2nd line oversight and challenge and be confident in providing a risk opinion
•Ability to engage, build relationships and influence business units/key stakeholders to improve their management of risk
•Track record for delivering quality, challenge, opinions, attention to detail and timely outputs
•Self-management as this is a VP level role and prioritisation of workload, without supervision
•Strong interpersonal skills and team working, able to collaborate
 


Desired Capabilities : 
 
•Experience of engaging in an ISAE3402 audit and the requisite controls
•Experience of managing the operational and enterprise risk components of the ICAAP
•Asset Management experience
•Advanced MS office skills and Excel abilities